Saturday, July 29, 2017

Quote of the Day: Markets are Never Easy!

I absolutely know that folks are paying unusual attention to their portfolio balances these days. It feels good when stuff's going up! If you can relate, be careful with that. Studies show that individual investors who watch their stuff daily underform those who don't. I.e., market fluctuations tend to spark emotion, and emotion-inspired investment decisions can be killers.In his weekly video analysis, Chris Ciovacco, while acknowledging the present long-term bullish setup, warns of the inevitable and speaks to the "difficulty" faced by those who over-monitor their account balances.

We can't emphasize enough, even if the chart patterns lead to way better than expected outcomes over the next five to fifteen years, volatility will 100% be part of the package. Markets are never going to make it easy for anyone, and the more closely we monitor the market and our account balances, the more difficult it's going to be to navigate from a point A to a point B.